This is the dynamic world where every type of business is flourishing by leaps and bounds. In expanding the business, problem arises when the company is dealing with huge amount of cash transactions on daily basis. It is extremely difficult for the company to deposit money in the banks on daily basis. Moreover risk of theft is also involved by keeping the money in the business premises.
As the world is getting smarter day by day so saving money also needs to be smart. Smart safe came to counter this huge problem. It is smart because it is a device in our business premises but it is integrated with our bank account.
In the smart safe you can keep on saving your money of your business transactions the whole day. At the end of the day machine will calculate the whole amount and give you a receipt of the total amount. The astounding fact is that it will immediately be transferred to our bank account as it has already been integrated with it. At 12 midnight it will be shown in our bank statement.
Now the question arises we have not deposited our money physically in our bank but still it is reflecting on our statements? This actually is the main purpose of this smart safe that as soon as you keep the amount in the safe it automatically gets secured and become risk free as if the amount fully gets insured.
We can use this amount just after it is reflecting on our statements whether physically cash is with us. For this feature bank charges an extra amount but saves the user to affect its liquidity position. And yeah business will smoothly go on!!
Now once or twice the week bank person will come to your business premises to take out the money and deposit it into the bank physically.